On Thursday, L&T Group Executive Chairman A M Naik said the immediate target for L&T Infotech is to double its revenue to $2 billion (nearly Rs 13,500 crore) in next three years.

In financial year 2015-16, L&T Infotech's revenue from operations and other income stood at Rs 6,143.02 crore while it clocked a profit after tax (PAT) of Rs 922.17 crore during the same period.

L&T Infotech is the sixth largest Indian IT services player at present with a revenue of $887 million and an employee base of over 20,000 people.

Meanwhile, earlier this month, the Rs 400-crore initial public offer of staffing firm Quess Corp was oversubscribed by a staggering 145 times, emerging as the most oversubscribed IPO in the past nine years.